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OPEC maintains demand outlook for the year but warns on economic risks

World oil demand to rise by 2.35 mil bpd in 2023 (no change to previous forecast)China oil demand to rise to 840k bpd (up from 800k bpd previously)Sees world economic growth at 2.6% this yearBut there are rising uncertainties amid high inflation, rising interest ratesIt is also still unclear how and when Easter Europe geopolitics might be resolvedAfter the surprise output cuts, oil prices suffered a bit of a hangover and then a big plunge yesterday. It is making up for some lost ground today tho... Read More

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Content Topics

Opec

Maintains

Demand

Outlook

Year

Warns

Economic

Risks

Forex

Posted: Jun 13 2023, 11:27

Author Name: forexlive

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